Roivant Sciences Ltd’s filing revealed that its President & COO Venker Eric unloaded Company’s shares for reported $1.17 million on Oct 21 ’24. In the deal valued at $11.65 per share,100,000 shares were sold. As a result of this transaction, Venker Eric now holds 617,470 shares worth roughly $6.89 million.
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Then, Venker Eric bought 100,000 shares, generating $1,165,393 in total proceeds.
Before that, QVT Financial LP sold 876,000 shares. Roivant Sciences Ltd shares valued at $10,354,320 were divested by the Director by Deputization at a price of $11.82 per share. As a result of the transaction, QVT Financial LP now holds 22,179,358 shares, worth roughly $247.52 million.
Wolfe Research initiated its Roivant Sciences Ltd [ROIV] rating to an Outperform in a research note published on February 15, 2024; the price target was $17. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Deutsche Bank began covering ROIV with “Buy” recommendation on December 12, 2023. Guggenheim started covering the stock on October 17, 2023. It rated ROIV as “a Buy”.
Price Performance Review of ROIV
On Monday, Roivant Sciences Ltd [NASDAQ:ROIV] saw its stock fall -0.36% to $11.16. Over the last five days, the stock has lost -5.50%. Roivant Sciences Ltd shares have fallen nearly -0.62% since the year began. Nevertheless, the stocks have risen 23.73% over the past one year. While a 52-week high of $13.06 was reached on 09/09/24, a 52-week low of $8.56 was recorded on 02/05/24. SMA at 50 days reached $11.72, while 200 days put it at $11.20.
Levels Of Support And Resistance For ROIV Stock
The 24-hour chart illustrates a support level at 11.06, which if violated will result in even more drops to 10.96. On the upside, there is a resistance level at 11.24. A further resistance level may holdings at 11.33. The Relative Strength Index (RSI) on the 14-day chart is 38.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.30%. Stochastics %K at 16.72% indicates the stock is a buying.
How much short interest is there in Roivant Sciences Ltd?
A steep rise in short interest was recorded in Roivant Sciences Ltd stocks on 2024-10-31, dropping by -4.64 million shares to a total of 46.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 51.22 million shares. There was a decline of -9.97%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 08, 2023 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $10.50 price target.
